Short Interest in The Swiss Helvetia Fund Inc. (NYSE:SWZ) Drops By 35.0%

The Swiss Helvetia Fund Inc. (NYSE:SWZ) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 14,100 shares, a decline of 35.0% from the September 30th total of 21,700 shares. Based on an average daily volume of 19,900 shares, the short-interest ratio is presently 0.7 days.

The Swiss Helvetia Fund Trading Down 0.1 %

SWZ traded down $0.01 during trading on Friday, reaching $8.44. 8,416 shares of the company’s stock were exchanged, compared to its average volume of 17,445. The Swiss Helvetia Fund has a one year low of $7.12 and a one year high of $9.14. The firm has a fifty day moving average price of $8.78 and a two-hundred day moving average price of $8.33.

The Swiss Helvetia Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 19th were issued a $0.129 dividend. The ex-dividend date was Thursday, September 19th. This represents a $0.52 dividend on an annualized basis and a yield of 6.12%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC increased its stake in shares of The Swiss Helvetia Fund by 55.2% in the second quarter. Wolverine Asset Management LLC now owns 36,192 shares of the closed-end fund’s stock valued at $292,000 after buying an additional 12,874 shares during the period. Logan Stone Capital LLC bought a new stake in The Swiss Helvetia Fund in the second quarter valued at approximately $163,000. Shaker Financial Services LLC increased its position in The Swiss Helvetia Fund by 10.8% during the 2nd quarter. Shaker Financial Services LLC now owns 323,974 shares of the closed-end fund’s stock valued at $2,614,000 after purchasing an additional 31,596 shares during the period. Karpus Management Inc. raised its holdings in The Swiss Helvetia Fund by 22.3% during the 1st quarter. Karpus Management Inc. now owns 223,655 shares of the closed-end fund’s stock worth $1,774,000 after purchasing an additional 40,825 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of The Swiss Helvetia Fund in the 2nd quarter worth approximately $678,000. 41.12% of the stock is owned by institutional investors.

The Swiss Helvetia Fund Company Profile

The Swiss Helvetia Fund Inc is a closed-ended equity mutual fund launched and managed by Schroder Investment Management North America Inc The fund invests in public equity markets of Switzerland. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of companies across all market capitalizations.